016 | Know Your HOA's Financial Numbers!

This week we explore the intricacies of HOA financial management with expert Russell Munz, and learn to transform complex reports into actionable insights.
❗Join our LIVE Podcast April 1st 2024 on Youtube! 👉    • 047 | LIVE PODCAST! | HOA Reserve Stu...  
✅ Is a Reserve Study right for you? 👉 https://www.reservestudy.com/

In this episode, dive deep into the world of HOA financial management with industry expert, Russell Munz. Explore the nuances and intricacies of HOA financial strategies, tools, and best practices. Russell sheds light on the complexity of financial reports, transforming them into digestible, actionable insights. Understand the nuances of HOA budgeting, long-term financial planning, and the challenges faced by communities. Through a blend of expert analysis and real-world examples, gain a clearer understanding of how to navigate the financial intricacies of managing an HOA effectively.

Get in contact with Russell Munz about your community financials:
https://www.communityfinancials.com
-------
Follow Association Reserves!
Website 👉 https://www.reservestudy.com/
Youtube 👉    / @reservestudies  
Facebook 👉   / reserves  
Twitter 👉   / reserves  
Know your FiPhO Score Today 👉 https://OurFiPhO.com/
------
The views & opinions expressed in this program are those of the Hosts & Guests, intended to provide general education about the community association industry. The content is not intended to provide specific advice or recommendations for any individual or organization. Please seek advice from licensed professionals.

Engage in the conversation!

Call our 24/7 voicemail line at (805) 203-3130 or send an email or voice memo to [email protected]

Connect with Hosts on LinkedIn & Twitter

Julie Adamen
  / julieadamen  

Kevin Davis, CIRMS
  / kevin-davis-98105a12  
  / kvndvis  

Robert Nordlund, PE
  / robert-nordlund-pe-rs-5119636  
  / reserves  

Support Our Sponsors

Association Insights & Marketplace
https://www.ourfipho.com/

Association Reserves
https://www.reservestudy.com/

Community Financials
https://communityfinancials.com/

Kevin Davis Insurance Services
https://www.kdisonline.com/

Stokelight Video & Marketing
https://stokelight.com/

00:00 Making it easier for HOA boards to understand their financial reports
07:34 Only 10% of HOAs full understand their financial Reports
09:19 Why is it important for HOAs to Understand their financialreports?
11:38 How Russel walks the HOAs he services through their HOA financial reports
22:15 The importance of having a policy and procedure for collecting late HOA payments
27:07 The importance of having timely HOA financial reports

#HOAFinancialReports #HOA #HOAFinancialReport